I haven't really decided who I'm voting for in the primaries. I know, I'm from Texas, so it's supposed to be either Rick Perry or Ron Paul, right? Well, I'm afraid of all the Ron Paul Zombies, even though I agree with about 80% of what Ron Paul says. I don't think I like his international ideas. I'm not sure how I feel about Rick Perry yet. I think the only way I'd vote for either of these is if they won the Republican nomination. Anyone is better than Obama, but I said that 3 years ago. Even if Rick Perry turns out to be a RINO, he can't do more damage than Obama has done in the past couple or more years.
I am really leaning toward Herman Cain. Yes, I know, I'm a white, conservative Republican, I'm supposed to be racist. And I'm not like a liberal who is voting for the black man to make myself feel good or prove I'm not a racist. If Herman Cain won as President, we'd really have our first Black President. Obama is half black. We'd also have a patriot instead of a Marxist.
But, anyway, I just heard Herman Cain discuss his 9 9 9 plan, and I like it. I wanted to tell you why. First, here's the plan: From his article found at http://hermancaincommentary.blogspot.com/2011/08/mr-president-youre-fired-but-if-you.html
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A 9% business flat tax. Gross income less all investments, all purchases from other businesses, and all dividends paid to shareholders.
A 9% individual income flat tax. Gross income less charitable deductions.
A 9% national sales tax. This significantly expands the tax base, which helps everyone.
This plan has the following advantages:
It is fair, revenue-neutral, transparent and efficient.
It puts zero tax on capital gains and repatriated profits.
It replaces the payroll tax.
It will aid capital availability for small businesses.
It saves taxpayers $430 billion in annual compliance costs.
It eliminates the uncertainty holding this economy down.
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The individual income tax would lower everyone who currently pays taxes (not counting the 47% who get all their taxes back or more). It may harm those who get more back, because the only deduction would be charitable contributions. That means you don't get paid by the government just because you have 8 kids. You don't get any earned income credit because you chose to work part of the year, but not enough to actually have to file. It will emliminate the attitude of "Oh, I can get by with a part time job, because I can sit on my butt the other half and get earned income credit to make it up. You put out money, and get to take it off your taxes. We're currently in the 15% tax bracket, 25% if you would happen to count his retirement check. So, that's about $5000 now. The retirement check doesn't all count right now, but it does lower how much we get back because we have to live on it. I think the difference was something like %1700, because I forgot to add it at first. At 9% it would be between $3000 and $4800 if they counted the whole retirement check. I believe it would closer to $3500-4000,
The corporate tax is also a flat tax. Small business owners will still be basically taxed twice if they own their own business, but they'll know how much and you get deductions (even for share holders).
He doesn't say it, but the flat national sales tax on new items would catch the illegal aliens, the foreign investors, any legal visitor who buys things here. Unless that's what he meant about expanding the tax base. That's a pay as you go. If you don't want to pay the tax, buy used. I go to thrift stores a lot. There are some really nice ones. And if you consider that a charitable contribution or keep it one), the "rich" will donate more of their clothes in order to get that deduction. I got a pair of beaded capri's that still had the origninal tag on it ($120) for something like $5. But if he rich don't want to buy used, they have to buy new and pay 9% national sales tax. That theoretically should satisfy the liberals who don't want the rich to have nice things, or to pay more because they have more. If they aren't willing to pay the sales tax, they too are able to shop at thrift stores. It will also eliminate those like Buffett who are trying to get out of millions in taxes, while at the same time saying people just like them should pay more. You want to pay more? Either don't give charitable donation, or don't claim them. You don't have to claim deductions.
I know this sounded like a commercial for Herman Cain, but like I said, I haven't really made up my mind yet. There are points I agree with from all the candidates, it's just that this is the first simple plan I've seen.
What I think they should all agree on, is that whoever wins the nomination (and they all agree to stay in until all primaries are done), appoints all the other nominees into the cabinet. We could use people like all those running (except Huntsman, I don't believe at all he's conservative). I'm sure they could find some small cabinet appointment for him, though.
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